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Sylios Corp. (UNGS)

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Last Post: 8/30/2014 10:07:31 PM - Followers: 559 - Board type: Free - Posts Today: 58

OTC:UNGS



ST. PETERSBURG, Fla. / ACCESSWIRE / August 15, 2014 / Sylios Corp (OTC Pink:UNGS), through its subsidiary, The Greater Cannabis Company, LLC, is pleased to announce that it has entered into a U.S. based licensing agreement with Artemis Dispensing Technologies ("Artemis") for the development and resell of its automated dispensing product.

Under the collaboration and license agreement, Artemis will be responsible for the development of a high end automated dispensing product. Upon launch and sales of the product, Artemis will be responsible for the installation, training and customer support for the hardware and software. The Company will be responsible for direct sales, addition of key distributors and sub-licensing of specific territories within the U.S.

Under the terms of the agreement, the Company will pay to Artemis a one-time licensing fee in the amount of $500,000.00 broken into tranches and based on development parameters. The Company has made the first payment towards the licensing agreement. Artemis will also receive a percentage of transaction fees generated on a monthly basis per unit. The Company will receive revenue generated directly from sales either though its website or sales staff, a royalty from sales generated through third party vendors/distributors, transaction based revenue and a percentage of any sub-licenses sold. In addition, the Company shall have the first right of refusal to purchase a license for the use of the same technology in other countries.

The Company's intended use of this product is solely as its first tier cannabis dispensing product. The product is scheduled to be completed and launched during the fourth quarter of 2014. As previously announced, the Company will launch its website dedicated to the new cannabis dispensing product in the very near future and anticipates presales to commence immediately thereafter.

Artemis previously entered into a Master License Agreement for the development and use of this proprietary technology focusing on automated dispensing units, inventory management and digital signage. By entering into this license agreement with Artemis, the Company has retained the full scope of technology required for launching an advanced cannabis dispensing product.

As such, the Company and Signifi have mutually agreed not to complete the acquisition as described in the Letter of Intent entered into earlier this year. Instead, the company will proceed with product development through the license agreement with Artemis. By terminating the proposed acquisition and moving forward with the licensing agreement, Management estimates that the number of shares required to be issued by the Company will be reduced by over 300 million, cash outlay for capital expenditures will be reduced by over $1.0 million and the time the Company recognizes revenue from sales cut in half.

Wayne Anderson, President of Sylios Corp, noted, "While the original plan for an acquisition and integration of the entire Signifi team was our original goal, Management strongly believes that it is in the best interest of shareholders to move forward with the licensing agreement with Artemis. The reduction in shareholder dilution will allow shareholders to benefit from the launch of the Company's cannabis dispensing product and subsequent revenue recognition in a more timely fashion."

About Sylios Corp

Sylios Corp, based in St. Petersburg, FL, is a holding corporation with operations engaged in the exploration and development oil and natural gas properties, investments in equities and corporate debt and the development of products utilized for the medical and recreational marijuana industry. Additional information can be obtained at the Company's website, www.usnatgascorp.com. The Company's website address will change to www.sylios.com.

About Artemis Dispensing Technologies

Artemis is a technology company founded with the goal of developing custom automated dispensing solutions. Its expertise is in working with verticals that require high security and temperature control and flexible payment processing technologies. Additional information can be obtained at the Company's website, www.artemisvending.com.

 

 

 






UNGS Forms "The Greater Cannabis Company, LLC" and Board Of Directors Vote For Company Name Change to reflect change of direction

 
On March 13, 2014, the Company formed The Greater Cannabis Company, LLC ("GCC") in the state of Florida. GCC will act as the
Company’s operating subsidiary for its new operation in the medical and recreational marijuana market.
 
On March 16, 2014, the Company’s Board of Directors elected to change the name of the Company to better reflect the publicly
traded entity’s role as a holding company with the wholly owned subsidiaries as the operating entities. The Board has retained an
outside consultant for the name change. The Company intends to announce the new name on or before April 15, 2014.





 (UNGS) US Natural Gas Corp Announces Corporate Realignment and Expansion of Operations Company Forms Cannabis Subsidiary 


ST. PETERSBURG, Fla. March 17, 2014 --(OTC Pink:UNGS), an energy exploration company with operations in the Appalachian Basin is pleased to inform shareholders that the Company's Board of Directors has elected to realign its hierarchy of operations and further expand operations with the formation of a new wholly owned subsidiary. 
In an effort to more accurately reflect the Company's operations, the Board of Directors has approved several key changes to be implemented within the coming weeks. Included within these changes will be a name change to the parent Company to better reflect its role as a holding company. The Company's current subsidiaries will remain active with the possibility of name changes to one or more.

The Company has formed a wholly owned subsidiary whose operations will concentrate on the medical and recreational marijuana market in the southeast. 
Further details on the aforementioned corporate actions will be released simultaneously with the release of the Company's Unaudited 2013 Annual Report on or before March 30, 2014. 


About 
 is an independent energy company principally engaged in the acquisition, exploration and development of mature long-lived oil and natural gas properties. The company's current operations are concentrated in the Appalachian Basin within the states of Kentucky and West Virginia with core assets consisting of 17,000 acres of mineral rights leases and interest in approximately 150 oil and gas wells. More information on UNGS can be found on the Company's website at www.usnatgascorp.com. 
Safe Harbor Statement 
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Additional risks and uncertainties are set forth in the Company's Unaudited Annual Report for the year ended December 31, 2012, which can be found on the OTC Markets website,

www.otcmarkets.com. 
Contact: 
UNGS
(727) 482-1505 





US Natural Gas Corp to Acquire Signifi Solutions Inc.





US Natural Gas Corp Announces Approval of Name Change and Effective Date


Company to Launch New Corporate Websites

ST. PETERSBURG, Fla / ACCESSWIRE / June 19, 2014 / US Natural Gas Corp (OTC Pink:UNGS) (the "Company") announced that it has received approval today from the Financial Industry Regulatory Authority ("FINRA") for a change in the name of the Company effective June 20, 2014. As previously announced, the Company will formally change its corporate name to Sylios Corp and trade under the same ticker symbol of "UNGS". The name change will become effective at the start of trading tomorrow, June 20, 2014.

The new CUSIP number for the company's common stock is 871324 109. Stockholders with certificated shares should continue to hold their existing stock certificates, and are not required to submit their stock certificates for exchange. Direct registration accounts and any new stock certificates that are issued after the name change becomes effective will bear the name "Sylios Corp".

The Company will launch two new corporate websites. The parent Company website will be available on June 30, 2014 at www.sylios.com. The Company will also launch a retail website for its new medical and recreational marijuana subsidiary, The Greater Cannabis Company. The Company anticipates the launch of this website on or before July 15, 2014 at www.greatercannabiscompany.com.

About US Natural Gas Corp

US Natural Gas Corp is an independent energy company principally engaged in the acquisition, exploration and development of mature long-lived oil and natural gas properties. The company's current operations are concentrated in the Appalachian Basin within the states of Kentucky and West Virginia with core assets consisting of 17,000 acres of mineral rights leases and interest in approximately 150 oil and gas wells. More information on US Natural Gas Corp can be found on the Company’s website at www.usnatgascorp.com.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Additional risks and uncertainties are set forth in the Company's Unaudited Annual Report for the year ended December 31, 2013, which can be found on the OTC Markets website, www.otcmarkets.com.

Contact:

US Natural Gas Corp

(727) 821-6200

info@sylios.com

SOURCE: US Natural Gas Corp 




 
 

Market Value1                 $1,095031   a/o Jun 09, 2014

Shares Outstanding      576,332,181    a/o Mar 31, 2014
Float                                233,459,081    a/o Mar 24, 2014
Authorized Shares      2,000,000,000    a/o Nov 14, 2013

Par Value     0.001


 
 
 
     
Management


Wayne Anderson, President and Chairman
 
Wayne Anderson has served as the President and Chairman of the Board of US Natural Gas since the incorporation of the company,
under the name of Adventure Energy, Inc., in March 2008. Prior to founding Adventure Energy, Wayne Anderson acted as the
Managing Member and a founding partner of Around the Clock Trading & Capital Management, LLC, an investment management
company, and the General Partner of Around the Clock Partners, LP from January 2000 through 2008. Through the fund Around the
Clock Partners, LP, Mr. Anderson has made significant key investments within the natural resources sector.
 
Mr. Anderson has been a vital source in negotiating and executing transactions for several small to mid-sized companies. From June
1997 through December 1999, Mr. Anderson was a proprietary equities trader. Mr. Anderson practiced as a Podiatric physician from
May 1993 through June 1997. Mr. Anderson studied biology at the University of Georgia from 1984 to 1987 and then attended the
Temple University School of Podiatric Medicine (formerly the Pennsylvania College of Podiatric Medicine) where he received a
doctorate of podiatric medicine (DPM) in 1991.







 

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UNGS News: Investor Updates on Growth Companies in the Small Cap Arena and Special Profile by SmallCapTraders.com 07/16/2014 10:30:00 AM
UNGS News: US Natural Gas Corp Announces Approval of Name Change and Effective Date 06/19/2014 09:45:00 AM
UNGS News: US Natural Gas Corp to Acquire Signifi Solutions Inc. 04/30/2014 09:29:27 AM
PostSubject
#43898  Sticky Note With this new Sylios Corp. (UNGS) Website... stervc 08/27/14 01:29:20 PM
#43104  Sticky Note Greenscape Laboratories, Inc. Announces Consulting Agreements With Sylios Jaxon2010 08/19/14 08:45:43 AM
#42548  Sticky Note CEO Update to Tom's post: bullrams 08/15/14 05:37:00 PM
#44338   Just got paid today! I am going to RastaOzMonstah 08/30/14 10:07:31 PM
#44337   UNGS is on all three break out boards... linkvest 08/30/14 09:54:55 PM
#44336   LOL TheHappyVulcan PTLIAMHIS 08/30/14 09:10:50 PM
#44335   Ballsy. Putting out something as important to TheHappyVulcan 08/30/14 08:55:24 PM
#44334   getmoreshares LOL PTLIAMHIS 08/30/14 08:28:09 PM
#44333   Agreed bro,,,not a matter of IF...BUT WHEN #UNGS# Tha Part Time Er 08/30/14 07:51:11 PM
#44332   IAflyer LOL Ky :) PTLIAMHIS 08/30/14 07:38:04 PM
#44331   One Cent, I agree with you there - knrorrel 08/30/14 06:38:55 PM
#44330   RSI strong OVERSOLD - UPTREND Is just about knrorrel 08/30/14 06:34:41 PM
#44329   http://stockcharts.com/h-sc/ui?s=UNGS = We are at the beginning of knrorrel 08/30/14 06:33:29 PM
#44328   Tuesday next still on top and while strongly knrorrel 08/30/14 06:29:30 PM
#44327   Tuesday is high, this low floater is about knrorrel 08/30/14 06:27:21 PM
#44326   LOL-you need to careful of those "southern boys" getmoreshares 08/30/14 06:13:02 PM
#44325   I don't care who you are, this is IAflyer 08/30/14 05:37:53 PM
#44324   PTL you have got to be from the IAflyer 08/30/14 04:35:26 PM
#44323   You'd have to pull up other OTC companies IAflyer 08/30/14 04:30:54 PM
#44322   Can't wait for Tuesday. I think we are jmoney13 08/30/14 04:26:20 PM
#44321   maybe Artemis = anexco- alps inovation- signifi-sylios ???? UNGS$$$ appie 08/30/14 04:19:36 PM
#44320   Sylios Corp Announces Launch of Its New Corporate jmoney13 08/30/14 04:02:04 PM
#44319   UNGS had a nice day Friday, 4 days PTLIAMHIS 08/30/14 03:58:36 PM
#44318   don't know if there is a connection but appie 08/30/14 03:57:41 PM
#44317   Well I thought the numbers Were not great Menutzack 08/30/14 03:56:31 PM
#44316   Great post! jmoney13 08/30/14 03:52:44 PM
#44315   The numbers Menutzack posted from the post I IAflyer 08/30/14 03:51:19 PM
#44314   It seems clear the whole Romania connection was just IAflyer 08/30/14 03:45:29 PM
#44313   Long Weekend To Get Word out across Forums BTM 08/30/14 03:34:39 PM
#44312   I have to go to a wedding. If gwinis 08/30/14 03:33:36 PM
#44311   From my source in Romania: This type of company gwinis 08/30/14 03:31:15 PM
#44310   No comment on posting numbers on Labor Day IAflyer 08/30/14 03:29:12 PM
#44309   I have the price list now . Never Menutzack 08/30/14 03:24:08 PM
#44308   That is all part of understanding this "Game" Menutzack 08/30/14 03:04:37 PM
#44307   IAflyer Excellant post! PTLIAMHIS 08/30/14 02:57:35 PM
#44306   Man... that info is three years old LMAO...... linkvest 08/30/14 02:56:03 PM
#44305   Are these decent #s ? Menutzack 08/30/14 02:46:57 PM
#44304   Equisolve is the company that did UNGS's website linkvest 08/30/14 02:39:49 PM
#44303   Sat. 1:04 Edgar Financials reposted. Menutzack 08/30/14 02:39:14 PM
#44302   I think it's going to get more interesting happycampers 08/30/14 02:34:01 PM
#44301   NONE! $UNGS IS THE ONLY ONE! ;) RastaOzMonstah 08/30/14 02:20:01 PM
#44300   Google OTC pinks,,,then type in UNGS,,,,might help you Tha Part Time Er 08/30/14 01:08:28 PM
#44299   I've talked to syswin and they are not primarysnail 08/30/14 12:01:28 PM
#44298   I am not interested in vending only web sales. BTM 08/30/14 11:49:18 AM
#44297   UNGS vs the other OTC investment options..... IAflyer 08/30/14 11:41:03 AM
#44296   I'll have my sources in Romania check to gwinis 08/30/14 11:28:28 AM
#44295   Was that what you were looking for it BTM 08/30/14 11:26:07 AM
#44294   http://www.syswinsolutions.com/solutions/vending-solution/ gwinis 08/30/14 11:21:03 AM
#44293   post 42794 may be of help to you BTM 08/30/14 11:07:08 AM
#44292   Nice job IA, diamond in the rough for looking 4 a win 08/30/14 11:05:07 AM
#44291   nice post UNGS$$$$ appie 08/30/14 10:41:01 AM
#44290   A few thoughts on DD ............. IAflyer 08/30/14 10:36:45 AM
#44289   I do agree gwinis that the Doc should IAflyer 08/30/14 10:15:15 AM
PostSubject